Get started

Ravencoin

#Ravencoin $RVN consolidation just below $RVNUSD all time highDuring the process of price discovery when making new highs it is important to reference the RVNUSD chart and not just the RVNBTC chart. This is true especially in times when there is a lot of movement in the BTCUSD price as there has been since the breakout from the lows. This chart indicates a price target of $0.15 to $0.16 which is a little lower than the target on the other chart. This is likely due to the increase in the value of BTCUSD, which sent RVNBTC and other crypto assets (which surged ahead of BTC) lower in BTC terms.
BITTREX:RVNUSDLong
by blloyd
#Ravecoin $RVN breaking back above previous USD ATH, coil wedgeIf it breaks out of the top of this consolidation wedge I expect to see it plugging higher through the weekend to the 2200 to 2250 range or $0.088. The cycles are accelerating as the pattern becomes more obvious to ever-larger numbers of crypto traders. This will continue until it breaks down due to a FOMO driven event which drives the valuation sky high followed by a crash. This has not happened yet. The movements in price are still relatively orderly despite a very high appreciation rate. From a fundamental perspective, things look great. New assets are being registered daily in the namespace and as the valuation grows so does the security of the network. This is due to the profitability of mining driving ever higher hash rates, now surpassing Etherium Classic (ETC). Ravencoin is quickly graduating beyond the level where 51% attacks are feasible partly due to the X16R algorithm keeping ASICs at bay and making it possible for any GPU on any gaming PC to mine profitably. The biggest issue currently observable is that 31% of the hashing power resides with one pool, this will likely not be a problem especially if the valuation continues to grow. At the moment I expect the market cap to reach somewhere in the neighborhood of $500MM in the next few months. In the long term (a decade or so), I expect that the market cap could go as high as $36B if it is adopted for use in listing shares of publicly traded companies and REITs, another real estate shares. One $RVN would be worth $2 in today's US dollars at that point. In the near future (within this year) I expect the valuation of 1 RVN to reach above and then stabilize around $0.13 to $0.15.
Long
by blloyd
The $RVN USD chart may play a role now for #RavencoinThe curve formed by higher highs in USD terms is digressive and suggests it will take roughly two weeks to reach the next level of $0.088 or 2200 Sats. When considering the BTC chart alone it looks as though it could make those levels over the weekend. I do not see any clear path forward from here other than to see if it establishes support above 1650 Sat or inversely fails to make it back through that level and hold. For now, I'm neutral on this but I believe it will break higher if BTCUSD does.
by blloyd
Ravencoin Goes Bull Run Mode (530%+) & Can Go HigherWhen I look for targets for most of my trades, I focus on the last peak or all-time high, so the earnings potential are almost always capped at the last ATH. Ravencoin (RVNBTC) broke its all-time high and can go even higher on a fifth wave. I keep mentioning that just as new lows can be created (just like it happened throughout the recent bear market), new highs can also be created, and this is the latest example that confirms this. RVNBTC broke its all-time high from October 2018 and has gained over 530% in value. This is a very interesting and telling development that gives us a clue about what can happen to other altcoins in the near future. This entire market is connected/linked, so seeing this type of bullish action reminds us that similar growth can happen to other altcoins as well. I believe that the bullishness we are seeing is just the beginning of something much, much bigger, which will take the entire year to develop (2019) and beyond (2020+). This same type of action happened back in 2017 before the cryptocurrency market bull run and the one before that. First, you would see an altcoin double, triple and even quadruple in size. When you thought that it was over because of too much growth, it would repeat the same process again and finally, again which is the end of 2017 and beginning of 2018 where most of the cryptocurrency market peaked. Most altcoins ended up doing 30-50x growth . After seeing this, I immediately moved my focus from Bitcoin (BTC) to Altcoins (smaller market cap.) because of their huge growth potential. Yes, Bitcoin is awesome, but if you are trading/buying to make money, then the altcoins are better. You can earn way more by trading these, and even more when you sell for fiat as Bitcoin will also increase in price. So you end up with a cumulative effect. So get ready for the ride of your life... but remember, this is not a piece of trade advice. Now... Feel free to hit like. Namaste. P.S. The wave count on the chart above is meant for illustration purposes only and does not reflect my view of Ravencoin (RVNBTC) future price. I focus on bottomed out, low risk, altcoins. My main strategy is to buy low, sell high and overall, keeping it simple. My trade ideas are intended for all public and especially beginners. Only my BitMEX trades are for advanced traders only. Thanks a lot for reading. Previous Ravencoin (RVNBTC) trade:
by AlanSantana
10
Ravencoin on a rally to 2000+ sats!!! RVNBTCHello Everyone! Raven coi has been making big moves in the last few weeks ultimately being as low as 260 sats around the beginning of February. This coin is unstoppable and i am extremely BULLISH on RVN. On the chart above i posted a few targets for RVN, 1 target around 2000 sats as 2000 sats is a psychological level when it comes to trading and 2nd target i have placed is 2500 sats. I can easily see both targets being reached within the next 7-14 days as the momentum that RVN has is extremly strong and continues to push higher. LONG TERM target for RVN is 5000 sats by the middle of May 2019. LiquidMEX
Long
by SolStackz